Retail Properties of America, Inc. (RPAI) Shares Bought by Advisor Group Inc.

Advisor Group Inc. raised its position in Retail Properties of America, Inc. (NYSE:RPAI) by 26.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,413 shares of the real estate investment trust’s stock after acquiring an additional 18,027 shares during the quarter. Advisor Group Inc.’s holdings in Retail Properties of America were worth $1,121,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Retail Properties of America by 1.4% during the first quarter. Principal Financial Group Inc. now owns 40,759 shares of the real estate investment trust’s stock worth $588,000 after purchasing an additional 553 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Retail Properties of America by 2.7% during the first quarter. AQR Capital Management LLC now owns 221,637 shares of the real estate investment trust’s stock worth $3,196,000 after purchasing an additional 5,845 shares in the last quarter. Bank of Montreal Can grew its position in shares of Retail Properties of America by 194.7% during the second quarter. Bank of Montreal Can now owns 100,747 shares of the real estate investment trust’s stock worth $1,230,000 after purchasing an additional 66,565 shares in the last quarter. NN Investment Partners Holdings N.V. grew its position in shares of Retail Properties of America by 83.7% during the second quarter. NN Investment Partners Holdings N.V. now owns 46,300 shares of the real estate investment trust’s stock worth $565,000 after purchasing an additional 21,100 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in Retail Properties of America by 78.6% during the 2nd quarter. Aperio Group LLC now owns 52,732 shares of the real estate investment trust’s stock valued at $644,000 after buying an additional 23,205 shares in the last quarter. 80.19% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on RPAI. KeyCorp raised Retail Properties of America to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday. Zacks Investment Research lowered Retail Properties of America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub lowered Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $13.00 price objective on shares of Retail Properties of America in a research note on Tuesday, August 29th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Retail Properties of America in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.00.

Shares of Retail Properties of America, Inc. (NYSE RPAI) opened at $13.07 on Monday. Retail Properties of America, Inc. has a one year low of $11.61 and a one year high of $15.81. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $2,968.20, a P/E ratio of 12.33 and a beta of 0.48.

Retail Properties of America (NYSE:RPAI) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $130.52 million for the quarter, compared to the consensus estimate of $132.45 million. Retail Properties of America had a return on equity of 7.61% and a net margin of 28.84%. Retail Properties of America’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. analysts anticipate that Retail Properties of America, Inc. will post 1.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Wednesday, December 27th will be issued a dividend of $0.1656 per share. The ex-dividend date is Friday, December 22nd. This represents a $0.66 annualized dividend and a yield of 5.07%. Retail Properties of America’s payout ratio is currently 101.54%.

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In other news, Director Gerald M. Gorski sold 4,790 shares of Retail Properties of America stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $13.59, for a total value of $65,096.10. Following the transaction, the director now directly owns 46,907 shares in the company, valued at approximately $637,466.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.40% of the company’s stock.

Retail Properties of America Company Profile

Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.

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Institutional Ownership by Quarter for Retail Properties of America (NYSE:RPAI)

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